G Mining Ventures (TSX-V:GMIN) CEO Louis-Pierre Gignac joined Steve Darling from Proactive to share the results of the company’s 2022 Feasibility Study for the revised development of the permitted Tocantinzinho Gold Project in Brazil.
Gignac telling Proactive this is an update from their 2019 FS and show very good numbers including after-tax NPV5% of $622 million and after-tax IRR of 24% at $1,600/oz gold price. The report also calls for a 10.5-year mine life, a 12% increase in mineral reserves to 2.0 million gold ounces, and an annual gold production of 174,700 ounces at AISC of $681/oz.